[ Transactional ] as a Foundational Course : For students interested in the private sector and working with clients on business transactions, a basic understanding of business principles is key.
This course covers certain basic rules and legal principles regarding business enterprises, including the relations among managers, investors, and creditors. This course should be taken before or concurrently with any advanced business law course. It assumes some background in quantitative methods.

[ Academia ] [ Litigation ] [ Regulatory & Policy ] as a Foundational Course : According to practitioners, both a foundation in IP law and a basic grounding in business law are critical to an IP practice. This course covers certain basic rules and legal principles regarding business enterprises, including the relations among managers, investors, and creditors. This course should be taken before or concurrently with any advanced business law course. It assumes some background in quantitative methods.

General course
Description:

This course is an introduction to the basic legal rules and principles governing the relations among managers, investors, and creditors in the business enterprise. The course is the foundation for advanced business courses. We focus on problems that arise because a firm's managers and owners have conflicting interests. We examine the costs associated with this conflict and how markets, legal rules and contracts might reduce them. Agency and partnership law are covered briefly, but we emphasize the financing, control, and conflicts of publicly held corporations. Special Instructions: Exposure to Quantitative Methods: Finance (Law 467) and Quantitative Methods: Statistical Inference (Law 468) will be helpful in this course and for a number of advanced courses in the law and business concentration and is strongly recommended.

Course Style: A Substantive/Statutory course deals with law, theory, and policy in the context of a particular code or statutory scheme.